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Centennial Real Estate Co. said Monday it has acquired two suburban community shopping centers in North Texas.

The largest is in North Richland Hills. It’s anchored by Kohl’s and Kroger. The Crossing is 247,720 square feet and located at the intersection of Grapevine Highway and the recently widened Precinct Line Road. Nearby are several community destinations including a library, Birdville High School, sports centers and parks.

Centennial Real Estate president Steve Levin said plans are in the works to improve the center’s overall appearance and add new tenants.

Centennial will manage the center and Greg Pierce and Rob Solls of UCR will handle leasing.

Two other transactions completed the purchase of the Village Park at Colleyville located at the southeast corner of Colleyville Boulevard/Hwy 26 and Glade Road. Centennial

Centennial said it plans to lease the vacant space under a “comprehensive re-positioning and redevelopment of the property.”

The initial purchase of 45,057 square feet of shop space had been in foreclosure. It was only 49 percent leased and is being remodeled. Centennial acquired another 88,814 square feet that is 100 percent occupied by Goody Goody Liquors, Westlake Ace Hardware, and Vineyards Antique Mall.

The shopping center industry is meeting in Las Vegas through Tuesday. Landords, including Centennial, are marketing their projects to retailers during the International Council of Shopping Centers annual convention.